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AP |
His $4 billion capital fund generated a 200 percent return last year.
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"You do your best to stay in the trade, which is a very underrated thing, when you're a longer-term investor," he told CNBC.
"You have a lot of flows going into physical commodities, and not necessarily equities."
So even looking 12 to 18 months down the road, Burbank does not favor financial stocks.
Recommendations:
"As a way of expressing our bet on energy, we prefer large-cap drillers, who have tremendous leverage to greater exploration offshore," he said.
More Investment Ideas: |
His picks in that category are Transocean [RIG
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], Seadrill [SDRLF
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], and Pride [PDE
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].
Disclosure:
Disclosure information for Burbank was not available.
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